News: Extract-A-Fact Newsletter – April 2017

April 24, 2017.

PWYP-US Extract-A-Fact Newsletter

April 2017

Extract-A-Fact is dedicated to empowering stakeholders to put extractives data to use. Over the next year, we would like to host a series of training webinars aimed at providing the skills you need to use oil, gas and mining data. To help us design our upcoming webinars, please fill out this survey.

The interactive tool, depicted above, pulls together multiple datasets from the US Bureau of Ocean Energy Management to create a useful tool for advocates. Read more…

How can ResourceContracts Help Model a Mining Project? An Example from MalawiAccess to contracts signed between extractive companies and governments can help answer questions like these. In many countries, however, extractive sector contracts remain closely guarded secrets and access to them has often been highly restricted, even within government. This limits the potential not only for effective citizen oversight, but also oversight from government bodies responsible for regulating parts of the industry. Read more…

Sapin II: a very opaque transparency bill in FranceIn mid-2016, in the aftermath of the Panama Papers, the French government introduced a new bill on transparency, the anti-corruption fight and the modernisation of economic life, commonly known as the â€œSapin II billâ€. Initially reluctant to establish a public CBCR, the government eventually backed down and introduced a watered down version of the measure. Read more…

Project level disclosures open up Uganda’s opaque oil sectorUganda is on the verge of an oil boom. Once production starts, the revenues from oil are projected to substantially impact the domestic budget. If managed well, the expected oil revenues could transform the economy and dramatically improve living conditions for Uganda’s 37 million citizens, 13 million of whom live on less than $1.90 per day. Read more…

Digging into the first Canadian payment reports: Royalty audits and moreFor many us, whom have dedicated years to advocate for the laws that require the disclosure of payments in Canada, the time has come! Reports required to be disclosed in accordance with the Extractive Sector Transparency Measures Act (ESTMA) are piling up, and shortly (May 2017) we expect there to be hundreds and hundreds of disclosures covering countries from every continent. You can explore the reports here. Read more…